Fault! The file name is not specified. The owner of New Burnley, Alan Pace, has agreed to assist the club with an ongoing transfer. Photo: Tony McArdle/Everton FC through Getty Images
Former Real Salt Lake president Alan Pace has bought the Burnley Premier League club, it was reported on Thursday.
Burnley confirmed that the US investment group ALK Capital, led by Pace, has acquired an 84% majority stake in the club and that the agreement has been ratified by the Premier League.
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Pace is expected to meet Burnley boss Sean Dyche later Thursday to discuss plans, but said he was willing to provide the manager with the resources to strengthen the team, which sits in 16th place in the league, five points above the relegation zone.
We’re eager to support Sean and the management team, said Pace in a video broadcast of the club.
An exciting new chapter.
We welcome our new owners, ALK Capital, who today made an investment in Burnley Football Club.
Managing Partner Alan Pace will succeed Mike Garlick as President.
– Burnley FC (@BurnleyOfficial) 31. December 2020
We need time to understand what their needs are, what we intend to do and what decisions they have made so far and where they want to go, but we are fully prepared to support the manager.
The pace spent 20 months as interim president of MLS Real Salt Lake, which won the 2009 MLS Cup during his tenure.
Dyche complained about the lack of support during the recent transfer periods and criticized the way some players were allowed to leave after the expiration of their contract last season.
The 49-year-old has had a tense relationship with outgoing General Manager Mike Garlick in recent months and was not allowed to meet the new owner during the final stages of the buyout.
Pace said that the consistency that Dyche brought to the club during his eight years at Turf Moor, with the team now in its fifth consecutive Premier League season, was one of the milestones of the club as an investment.
For us, the long life and stability of the controls is something that, along with the style of play and the ability to play at the level they have. We’re big fans of Sean, he said.
Former Burnley chairman and former majority shareholder Garlick will remain on the board as a member of the new ownership group, while Pace, who plans to move to Lancashire with his family, sees the project as long term.
We’re not going to do anything that’s not long-term, this is not a short-term purchase opportunity, Mr. Pace added.
This is something close to our hearts and we look forward to being part of this process for many years to come. That’s what’s important to us.
I have decided to play a very active role every day. I, my family and some of my partners are moving to the area and we are really looking forward to being there more often than some people think.
Burnley will host Fulham in the Premier League next Sunday. The Premier League has also announced that Burnley will play second place Manchester United in Turf Moor, which is scheduled for the 12th time. The month of January has been moved.